New Delhi / Mumbai, February 26, 2026 — The Enforcement Directorate (ED) has once again summoned billionaire industrialist Anil Ambani in connection with an ongoing bank fraud and money-laundering investigation linked to his former company Reliance Communications (RCOM), while also seizing his luxury Mumbai residence valued at ₹3,716 crore under the Prevention of Money Laundering Act (PMLA).
According to official filings, Ambani — chairman of the Reliance Group — appeared before ED officials for questioning related to the multi-crore alleged fraud case involving RCOM, whose group companies reportedly availed loans totalling around ₹40,185 crore from domestic and foreign lenders.
ED Attaches ‘Abode’ Residence Worth ₹3,716 Crore
The ED’s provisional attachment order covers Ambani’s 17-storey residential property known as ‘Abode’ in the prestigious Pali Hill area of Mumbai. Valued at approximately ₹3,716.83 crore, the property was attached under anti-money-laundering laws as part of the probe into alleged financial irregularities and loan defaults linked to RCOM and its group firms.
This action increases the cumulative value of assets attached in the ongoing investigation to more than ₹15,700 crore, as multiple properties and assets tied to the Reliance Group and its companies continue to be provisionally seized by federal authorities.
Background of the Case
The ED’s investigation follows allegations of bank loan fraud and money laundering involving RCOM and several associated entities. The probe — initiated on the basis of complaints and CBI FIRs — centres on complex financial transactions and alleged diversion of loan funds that later became non-performing assets (NPAs) for lenders.
Earlier phases of the investigation saw ED attach various assets, including commercial properties and land parcels linked to Ambani-owned companies, as part of efforts to prevent dissipation of proceeds suspected to be connected with financial irregularities.
Legal Context and Next Steps
Ambani had previously been questioned by the ED under the PMLA in August 2025, and his continued cooperation with the federal agency is expected as the probe progresses. Officials have indicated that questioning and forensic reviews of financial records remain ongoing.
Legal experts note that provisional attachments under PMLA prevent the transfer or sale of properties while investigations continue, and if adjudicating authorities confirm these orders, the assets could be formally confiscated as part of enforcement action.